HomeMy WebLinkAbout08-01003 Cover Memo•
•
•
SEOPW & Omni Boards of Commissioners Meeting
March 30, 2009
SOUTHEAST OVERTOWN/PARK WEST Item # 6
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: March 20, 2009 File: 08-01003
and Members of the CRA Board
From: James H. VillacortJ
Executive Director'
Subject: Authorizing Grant to the City of
Miami for a Transportation Planning and
Traffic Engineering Impact Study for the
Miami WorldCenter Project.
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Boards of Commissioners of the Southeast Overtown/Park West and Omni
Redevelopment District Community Redevelopment Agencies ("CRAs") approve and adopt the attached Joint
Resolution authorizing a grant, in an amount not to exceed $500,000, to the City of Miami ("City") for a
Transportation Planning and Traffic Engineering Impact Study in connection with the Miami World Center
project.
The Miami World Center project consists of approximately 12,000,000 square feet of development on nine city
blocks in the Park West section of the SEOPW Redevelopment Area. On November 13, 2008 the Miami City
Commission authorized execution of a development agreement with Miami WorldCenter Group, LLC. At its
January 26, 2009 meeting, the CRAs Board of Commissioners authorized the CRA to exercise its option to
include the project in Increment III of its Development of Regional Impact Study.
Miami WorldCenter, LLC, requested a grant to underwrite the cost of a Transportation Planning and Traffic
Engineering Impact Study for its project ("Study"). The Study will evaluate the traffic impacts resulting from
future land use in the area including areas of the Omni CRA, and propose improvements to mitigate such
im pacts.
On January 7, 2009, CRA General Counsel advised that the CRAs could not issue a grant directly to the Miami
WorldCenter Group, LLC as proposed. The City has offered to perform the Study with its consultants if the
CRAB' provide funding.
JUSTIFICATION:
Section III.B., at page 13, of the 1982 Southeast Overtown/Park West Community Redevelopment Plan, as
amended, lists "[e]ncourag[ing] a comprehensive large scale redevelopment of Park West" and "[r]esolv[ing]
existing and future transportation conflicts" as stated redevelopment objectives. Section III.E., at page 10, of the
Omni Area Redevelopment Plan, as amended, also lists "[rjesolv[ing] existing and future transportation conflicts"
as a stated redevelopment objective. This Resolution furthers these objectives and will assist in the realization
of the project.
FUNDING: $300,000 from SEOPW Tax increment Fund, "Other Grants and Aids," Account Code No.
10050.920101.883000.0000.00000, and $200,000 from Omni Tax Increment Fund, "Other Grants and Aids,"
Account Code No. 10040.920101.883000.0000.00000.
JHV/pk